Why do you need to verify my identity?

Luno is committed to maintaining the highest standards of Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance to prevent the abuse of Luno products and services for money laundering.

Although the cryptocurrency industry is largely without formal regulation, Luno voluntarily adheres to generally accepted local and international compliance standards. It is for this reason that we ask our customers to provide us with their personal details and documents when signing up with us.